MomentumOptions.com Pre-Market Update for 2/24/2021 Nasdaq/ S&P 500 Hold 50-Day Moving Averages/ Profit Alert (FOXA) 8:00am (EST) The stock market opened with heavy losses to start Tuesday’s action as Wall Street awaited comments from Fed Chair Powell’s policy updates before the Senate Banking Committee. Powell reaffirmed the Fed will keepRead more
MomentumOptions.com Pre-Market Update for 2/23/2021 Blue-Chips Stay Strong, Tech Tumbles 8:00am (EST) The stock market was choppy on Monday following a lower open as worries over rising rates and expectations of higher inflation weighed on sentiment. Specifically, the yield on the benchmark 10-year Treasury note briefly traded above 1.39% toRead more
MomentumOptions.com Pre-Market Update for 2/22/2021 Bulls Rebound but Bears Get Weekly Win 8:00am (EST) The stock market rebounded on Friday to snap a three-session slide with the blue-chips setting another record intraday high. Better-than-expected housing numbers helped support the rally along with the ongoing chatter for another stimulus package thatRead more
MomentumOptions.com Pre-Market Update for 2/19/2021 Bears Stay Aggressive/ Profit Alert (EEM) 8:00am (EST) The stock market traded lower throughout Thursday’s session as disappointing economic news concerning jobs and the housing sector weighed on sentiment. Additionally, the uptick in Treasury yields caused inflation worries after the benchmark 10-year yield traded toRead more
MomentumOptions.com Pre-Market Update for 2/18/2021 Blue-Chips Stay Strong 8:00am (EST) The stock market was choppy on Tuesday while trading mostly in the red as investors awaited the latest update from The Fed. The major indexes rebounded off their lows while closing mostly lower after the January minutes revealed the FedRead more
MomentumOptions.com Pre-Market Update for 2/17/2021 Blue-Chips Stay Strong on Overall Pullback 8:00am (EST) The stock market set another round of record highs on Tuesday’s open before closing mostly lower aside from the blue-chips. Rising bond yields kept bullish sentiment in check as some of the choppiness came over concerns aboutRead more
MomentumOptions.com Pre-Market Update for 2/16/2021 Volatility Closes Below 20 8:00am (EST) The stock market struggled for direction on Friday following weaker-than-expected economic news before a late day upswing lifted all of the major indexes into positive territory. The gains helped the major indexes close higher for the second-straight week withRead more
MomentumOptions.com Pre-Market Update for 2/12/2021 Blue-Chips Tag Record High 8:00am (EST) The stock market was choppy on Thursday before closing mostly higher despite a slightly disappointing jobs number. Traders also digested a host of corporate earnings results while considering the Biden administration next moves to support the still coronavirus-stricken economy.Read more
MomentumOptions.com Pre-Market Update for 2/11/2021 Bulls Take a Breather 8:00am (EST) The stock market closed mostly lower on Wednesday with the S&P 500 slipping for the second-straight session. The Dow closed in positive territory while both the rest of the major indexes ended lower after rising to fresh record highsRead more
MomentumOptions.com Pre-Market Update for 2/10/2021 Nasdaq Clears 14,000/ Profit Alert (BAC) 8:00am (EST) The stock market started Tuesday’s session in the red before showing strength latter in the session while settling mixed. All of the major indexes set fresh records high with Tech and the small-caps showing continued momentum whileRead more
